Deriv vs Spreadex - Fees Review included
Which broker is better Deriv or Spreadex? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 8.42 out of 10. Spreadex is one of the top brokers in the financial market with the TU Overall Score of 4.45 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | Spreadex |
|---|---|---|
Overall |
1.5 |
2.8 |
1.5 |
3.8 |
|
1.7 |
3.1 |
|
1.6 |
3.8 |
|
Investment Instruments |
1.8 |
1 |
Platforms and Charting Tools |
1.4 |
3.3 |
Deposit and Withdrawal |
1.8 |
3 |
Research |
1.4 |
3.1 |
Education |
1.3 |
3 |
Support |
1.2 |
3.2 |
Bonuses |
1.3 |
2 |
|
|
Deriv vs Spreadex: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
Spreadex is a CFD and Forex broker that has been operating since 1999. The platform offers clients access to six classes of trading instruments. Here you can trade currency pairs (Forex) and contracts for difference (CFDs) on stocks, bonds, indices, commodities, and ETFs. Spreadex is headquartered in the UK and is regulated by the UK Financial Conduct Authority (FCA). Betting on sports is a secondary activity of the company.
| Deriv | Spreadex | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | Tight spreads (from 0.6 pips for EUR/USD). |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Withdrawal fee - 0%. | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | Free broker analytics. | |
| Broker regulation by several authorities from different countries. | 3,500+ trading instruments | |
| Round-the-clock client support. | Minimum deposit from USD 2. | |
| Choice of three convenient trading platforms. | ||
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | There are no investment instruments. |
| Deriv has only a few ways to contact support. | Support is not 24/7. | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. |
Deriv vs Spreadex: Safety and Regulation
| Regulated By: | Deriv | Spreadex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
VFSC, MFSA and Labuan FSA |
No |
Deriv vs Spreadex: Trading Conditions
| Trading Conditions | Deriv | Spreadex |
|---|---|---|
Minimum Deposit |
$10 |
$2 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
Spreadex (desktop, Android, iOS, Webtrader) |
Max Leverage (Futures) |
1-1000 |
1-30 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Currency pairs, CFDs on stocks, indices, commodities, bonds, ETFs |
Trading assets |
218+ |
3500+ |
Trading Accounts |
Real account, demo account |
Standard |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
USD, EUR, GBP |
Deriv vs Spreadex: Fees
Forex Trading Fees
| Fee | Deriv | Spreadex |
|---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.15 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Deriv | Spreadex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Deriv | Spreadex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
$25 charged every six months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs Spreadex: Trading Assets
| Asset Name | Deriv | Spreadex |
|---|---|---|
Overall |
218+ |
3500+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or Spreadex: Investment Programs
| Asset Name | Deriv | Spreadex |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Spreadex or Deriv
| Deriv | Spreadex | |
|---|---|---|
MT4 |
No |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
DTrader |
Spreadex |
Others |
SmartTrader |
No |
|
|
Deriv vs Spreadex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Deriv | Spreadex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
No |
Deriv vs Spreadex: Research
| Research Type | Deriv | Spreadex |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Deriv vs Spreadex: Education
| Education Type | Deriv | Spreadex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Spreadex vs Deriv: Support
| Support Features | Deriv | Spreadex |
|---|---|---|
Working Days |
24/7 |
8/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs Spreadex: Forex Bonuses and Promo
| Promo | Deriv | Spreadex |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on Spreadex
-
Comment
Spreadex is not bad, but it is not suitable for scalping or robot trading. Spreads are high, execution is not very good, and there are still many restrictions. Well, at least there is regulation, and that’s good, but I think that the company is not suitable for large amounts.
-
Comment
- you put it in growth, it immediately falls, creeps down, put it down - immediately turn and in growth! So guys, draw your own conclusions...
-
Comment
The broker's employees are not the most pleasant impression. Whatever question you ask, they don't know. They report in a pattern. It seems to me that in order for me to trust a company, I should not have distrust of its employees. And it has arisen.
-
Comment
The lack of a demo upset me, because I wanted to test the author's Spreadex platform before opening a real account. Unfortunately, you can't bargain for cents either. But I decided to take the risk anyway to work with an FCA regulated broker. There are no deposit requirements - just $ 2 is needed. 30x leverage is enough for me, but it's the maximum if it's important to someone. Now about commissions. I don't trust brokers who promise spreads up to 1 pip without extra. boards. As I expected, Spreadex also indicated the minimum values on its website - 0.6 points was not even in the best scenario. The real spread for the Eurodollar is 1.5-2.5 points. The broker does not charge a commission for withdrawal.
-
Comment
The FCA license gives Spreadex substantial weight, and its longevity as a brokerage company further increases its rating. I have about $35,000 on my account here, I'm not afraid that the broker will throw me off. I trade mainly through a mobile application, I carry out technical analysis on a different platform. All payments go through the bank, and the broker does not take a very large commission. I think it is possible to cooperate with Spreadex.
Top 5 Reviews on Deriv
-
Comment
I think Deriv is not the worst broker out there. They focus on futures contracts in the form of options and derivatives. The platform is quite different from what we're used to, but you get used to it over time. Order processing is fast, and I haven't noticed any major issues with the platform. Overall, Deriv offers decent conditions.
-
Comment
I'm still learning how the deriv platform works. The reviews are mostly positive, but I don't want to get into a difficult situation. I'm trading on demo for now. Moreover, I’m still new to trading, I’m just trying to learn. Deriv's technical support is good, they answer my questions professionally.
-
Comment
I learned about Deriv three years ago. The first impression was not very good, but then I started trading with this company. Now, I think that this is a really good broker. Opening trades is very easy, there are no price manipulations, and profitability is high. So I recommend this broker!
-
Comment
If you want to start trading Forex, Deriv is the broker where you should do it. Deposits and withdrawals are fast, you trade on the interbank market, and there are educational materials. Try it, choose a normal company like this one and make money. I haven’t traded with large amounts, because I’m not entirely confident in myself yet.
-
Comment
Deriv is a good company. I’ve been trading here for 4 months now, and I have no complaints about performance and operation of the platform. User account is convenient. I strongly recommend it.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.